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Dec 1, 2012
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president obama is doing something very strange right now. very strange and you should know about it. he only won the election by 3.5 million votes out of more than 120 million cast. he knows we're a divided nation answered also knows millions of americans don't believe is he looking out for them. he also knows that we have a budget situation that could send the country into bankruptcy. so it is on the president to solve the problem. this week, treasury secretary tim geithner offered the president's plan. it would raise taxes for high earning americans by $1.6 trillion over the next decade. that's on income, capital gains and dividends. also limit deductions for those folks. also return the estate tax to a whopping 45% for wealthy families. but on the spending front. there really isn't anything substantial on the table. nothing. the president basically saying i'm not going to cut much. and blank you if you don't like it. >> it's not just a bad deal. this is really an insulting deal. what geithner offered what you showed on the screen. robert
president obama is doing something very strange right now. very strange and you should know about it. he only won the election by 3.5 million votes out of more than 120 million cast. he knows we're a divided nation answered also knows millions of americans don't believe is he looking out for them. he also knows that we have a budget situation that could send the country into bankruptcy. so it is on the president to solve the problem. this week, treasury secretary tim geithner offered the...
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Dec 3, 2012
12/12
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it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill clinton because his prosecutor mix of taxes. explain that? >>guest: yes i sure did. but for the raise hikes at top end, he cut taxes on the working people between ages of 65 and 72. he cut taxes on trade and products. he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment taxes was that concurrent with what was going on in the income tax hike front? >>guest: no. it was not. the capital gains tax reduction which h
it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill...
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Dec 5, 2012
12/12
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that means taking responsibility right now. and this administration for getting our spending under control. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot be equal. who is more to blame? the president or congress. i would make the argument that obama is clearly the one. certainly democrats are probably little bit more to blame. two years ago, democrats ran the entire town. they had a filibuster proof majority in the senate. they control the house and white house. if they wanted to cut spending at that time, they could have done so. republicans -- they could've done it over every republican objection and they could've gotten everything they wanted. they didn't do that. but i do think it's worth r
that means taking responsibility right now. and this administration for getting our spending under control. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot...
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Dec 6, 2012
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basically the republicans came up with what obama said in 2011. he wanted, there was discussion dealing with $1.2 trillion and he said we don't have to increase tax rates. we can close loopholes. we can cap deductions. that is what the republicans are offering. but right now defend again i think democrats are bent on increasing taxes and if woe don't avert the fiscal cliff, i believe republicans will take the hit politically. jon: the president in september of 2011 said, you know, in his principles for tax reform, lower tax rates, the tax system should be simplified and work for all americans with lower individual and corporate rates and fewer brackets. now it sounds like exactly what the republican side has offered here? >> it is. what they're offering but basically to reach a comprehensive deal so we can put this debt on a downward turn, and actually create a stronger economy. both sides, the democrats and republicans are going to have to give a little bit now. republicans might have to give in to some type of tax increase but president obama wi
basically the republicans came up with what obama said in 2011. he wanted, there was discussion dealing with $1.2 trillion and he said we don't have to increase tax rates. we can close loopholes. we can cap deductions. that is what the republicans are offering. but right now defend again i think democrats are bent on increasing taxes and if woe don't avert the fiscal cliff, i believe republicans will take the hit politically. jon: the president in september of 2011 said, you know, in his...
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Dec 6, 2012
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they voted to support president obama. now they say the president owes us here in detroit. >> he went to washington, d.c., he came back home with some bacon. that's what you do. that's what you do. >> steve: should the president really consider giving money as a thank you for the votes in the detroit area? we're going to talk about that. and take a look at these guys, they got high, went for a drive. so what's the plan to keep roads safe now that marijuana is legal in a couple of states? don't ask the government. they haven't figured it o yet. so for now, is your road safety at risk begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah
they voted to support president obama. now they say the president owes us here in detroit. >> he went to washington, d.c., he came back home with some bacon. that's what you do. that's what you do. >> steve: should the president really consider giving money as a thank you for the votes in the detroit area? we're going to talk about that. and take a look at these guys, they got high, went for a drive. so what's the plan to keep roads safe now that marijuana is legal in a couple of...
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Nov 30, 2012
11/12
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it's cold out there right now. we have more homeless people in new york city, which is a sign of what is going on in the economy. bill: the nypd the reason why they call them the finest. president obama is back on the road trying to sell his budget plan to the american people. what he's offering up that some republicans say is absolutely absurd. fair & balanced debate on that in a moment. martha: a secret santa handing out 100-dollar bills to strangers, why he's doing that coming up. >> thank you very much. thank you. rocco is my name. >> god bless, rocco. >> very nice. we've all been volunteering for weeks now. for someone to give something back to us, it was a surprise. bill: breaking news on iranian sanctions coming out of the u.s. senate, in a vote of 94-0 a proposal just passed that would tighten tougher restrictions against certain iranian economic sectors, including its ports, and its ship building. apparently the sanctions would ban presentation metal transfers or any sales thereof to iran. the white house
it's cold out there right now. we have more homeless people in new york city, which is a sign of what is going on in the economy. bill: the nypd the reason why they call them the finest. president obama is back on the road trying to sell his budget plan to the american people. what he's offering up that some republicans say is absolutely absurd. fair & balanced debate on that in a moment. martha: a secret santa handing out 100-dollar bills to strangers, why he's doing that coming up....
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Nov 29, 2012
11/12
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what percentage of people watching right now think that president obama would offer mitt romney secretary of business. >> brian: that is. >> gretchen: that would be fantastic but i doubt it. >> brian: in reading his bio. one of the business mistake was working in the cabinet for president nixon. i am personally kind of disappointed that bee are talking about tax rates for the rich. >> steve: campaign. >> brian: what about the middle class people standing in the back drop as they need a break and the president urging for something to be done yesterday and there is no scheduled meetings with john boehner. >> gretchen: it is annoying to see just a campaign. how many people are tired of a campaign speech. why not come to the table and figure it out. i don't understand it. >> steve: at this point, both sides know what they will give up. what their concessions will be. they don't want to go first. we are 33 days away from the official fiscal cliff and sailing off of it . in the washington post they describe a sense much gloom descending over the capitol, bowles meet and he sees one and three ch
what percentage of people watching right now think that president obama would offer mitt romney secretary of business. >> brian: that is. >> gretchen: that would be fantastic but i doubt it. >> brian: in reading his bio. one of the business mistake was working in the cabinet for president nixon. i am personally kind of disappointed that bee are talking about tax rates for the rich. >> steve: campaign. >> brian: what about the middle class people standing in the...
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i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax to save 2% of the wealthiest americans paying a little bit more. and that's a very bad position for the republicans to find themselves in, isn
i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to...
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Dec 1, 2012
12/12
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right now. there's no point in blasting obama. just a counter offer. i want to read from today's newspaper. this is what mitch mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for programs like social security. and then republicans would agree to include more tax revenue in the deal but not from higher tax rates." now, let's just look at this for a second. we'll go to you first, nan. he wants medicare eligibility, he wants medicaid reforms, he wants spending cuts. then he'll talk revenues. that seems reasonable to me. is he going to do it? will the republicans come back with their own counter offer? >> well, certainly larry those are elements of a long-term approach to our enormous debt. it's a crushing debt. it hams our vulnerability across the world. i think we should look very seriously yet again and the speaker's mentioned it at the 2010 health law, affordable care act. that is a massive cost weight on the american people. it is a deeply unpopular issu
right now. there's no point in blasting obama. just a counter offer. i want to read from today's newspaper. this is what mitch mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for programs like social security. and then republicans would agree to include more tax revenue in the deal but not from higher tax rates." now, let's just look at this for a second. we'll go to you first, nan. he...
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it gives barack obama the right to print money to spend as much as he wants to. melissa: there is one catch, ian. one point they make we're not printing it to spend money. we already spent this money. it's gone. so we're just sort of fixing part of the debt problem. >> you could make $3 trillion coins which is why it won't happen. the reason it won't happen is politics. if they do this and get away from the debt ceiling thing it gets republicans off the hook. from obama's perspective leting a deal not happen and falling over the cliff, all the polls show republicans will get blamed for that. why would he want to avoid that? melissa: jonathan, are there obvious inflationary problems on this? someone following us on twitter says you will need it to buy a loaf of bread soon. what do you think? >> this is one ounce platinum coin. you can put any value that i want but has real value of $1600 a ounce. if they think this plan works you have to be in the chain gang or belief in the tooth fairy. it is delusional on its face. reality exists. it can't be conned. as the pane
it gives barack obama the right to print money to spend as much as he wants to. melissa: there is one catch, ian. one point they make we're not printing it to spend money. we already spent this money. it's gone. so we're just sort of fixing part of the debt problem. >> you could make $3 trillion coins which is why it won't happen. the reason it won't happen is politics. if they do this and get away from the debt ceiling thing it gets republicans off the hook. from obama's perspective...
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around the corner let's talk about what's on president obama's wish list this year my guess is that it's an upgrade of his favorite toy killer unmanned robots which is why i like to call president obama the drone carrying a pack today's hash tag is officially drone king a phrase i coined on the show that's i'm picking up some steam in the social media world so keep throwing that into the twitter verse so anyways yes it's a great year for drones and you won't believe what kind of upgrades they've been getting lately check this one out the d h s it's funny a new underwater robot made to look like a tuna fish through a contract with a corporation boston engineering court of the agency the natural looking design is perfect for covert security missions and look at this what looks like science fiction is actually a rowboat jellyfish being developed by virginia tech for the u.s. navy with the goal of one day putting out thomas robot jellyfish and every body of water around the world yep. drones aren't limited to the skies anymore although we are seeing a record number of licenses grant gra
around the corner let's talk about what's on president obama's wish list this year my guess is that it's an upgrade of his favorite toy killer unmanned robots which is why i like to call president obama the drone carrying a pack today's hash tag is officially drone king a phrase i coined on the show that's i'm picking up some steam in the social media world so keep throwing that into the twitter verse so anyways yes it's a great year for drones and you won't believe what kind of upgrades...
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Dec 6, 2012
12/12
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. >> cenk: i hope you're right. biden and obama don't have a great record on this. let's bring in a different point of view. you and i agree we're optimistic about the laws that we hope it goes in the right direction and spreads across the country. i'll bring in sandra, a member of colorado concern. i don't believe she shares our point of view. what is your take on legalizing marijuana in colorado. >> good evening cenk, happy to be here. i represent the business community, and we're very concerned about the passage of amendment 164 and it's implication for business and for colorado. >> cenk: why? >> that's our concern. >> cenk: i don't get that? i guess if you represent the alcohol companies you might be worried about competition but why the business. >> we're concerned about productivity our liabilities our obligations and relationship to our employees. it changes the relationship. we have established a constitutional right to use marijuana, and that changes the game. we have concerns about that. >> what she is saying is drug testing in the workplace. that will be
. >> cenk: i hope you're right. biden and obama don't have a great record on this. let's bring in a different point of view. you and i agree we're optimistic about the laws that we hope it goes in the right direction and spreads across the country. i'll bring in sandra, a member of colorado concern. i don't believe she shares our point of view. what is your take on legalizing marijuana in colorado. >> good evening cenk, happy to be here. i represent the business community, and we're...
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Dec 1, 2012
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david is right. all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. republicans have to talk about choice. charter schools, vouchers, anything that give minorities more opportunities. >> david? >> look, i'm in favor of the republicans being a low tax party. here's the danger. when republicans say taxes, they mean income taxes. 80% of americans now pay more in payroll taxes than they pay in income taxes. payroll taxes will go up at the end of the year. the payroll tax holiday will end. that's a big tax increase for everybody. 80% of americans pay more. and where is the republican plan to hold the line on those people? if taxes only mean the tax, the income tax portion of tax burden for four fifths of the country, you're talking about something that doesn't matter that much. and in a democracy, you cannot be a successful party if you talk about things that don't matter that much to four fifths of the country. >> all right, your paycheck, your investment, your home, they
david is right. all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. republicans have to talk about choice. charter schools, vouchers, anything that give minorities more opportunities. >> david? >> look, i'm in favor of the republicans being a low tax party. here's the danger. when republicans say taxes, they mean income taxes. 80% of americans now pay more in payroll taxes than they pay in...
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Dec 2, 2012
12/12
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president obama came out during the egyptian up riding saying that it has to go. clearly the united states has put itself on the side of people that want to live in freedom and democracy. i think it does deserve the united states making a strong remark. the way the constitution is written morsi's decree suggests that egypt is going in the wrong direction. this kind of contested national dialogue is a good thing. the problem is no one is moving toward compromise. they're moving toward confrontation. that means that brotherhood will seek to impose its will on the residents of the population and nobody is willing to put up that. >> what does this say about morsi? he came across as this broker in the gaza negotiation. is he a dictator in sheep's clothing? >> when we were on your program over the summer and morsi wads elected president and he said he's a fighting personality. this is the way i think both of us expected him to behave. i don't think he wants to make himself president for life. this constitutional declaration he made that gives him these powers that by vi
president obama came out during the egyptian up riding saying that it has to go. clearly the united states has put itself on the side of people that want to live in freedom and democracy. i think it does deserve the united states making a strong remark. the way the constitution is written morsi's decree suggests that egypt is going in the wrong direction. this kind of contested national dialogue is a good thing. the problem is no one is moving toward compromise. they're moving toward...
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Dec 7, 2012
12/12
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if you were advising president obama, what would you do right now? what would you advise? >> well, he didn't call me, but if he had -- >> really? >> surprise. >> i would tell -- to be honest, i would tell him to take a few lessons from his defeated challenger. what i would do is i would focus primarily on four things. i would say, one, we need to get a better tax code, a much more pro-growth, pro-markets, pro-jobs tax code. we need to encourage economic trade with other countries. i mean really significant economic trade. one of the things i will give president obama credit for is he was able to get through the three free trade agreements that were negotiated by president bush at the end of his term and did not go through congress until president obama did that later on in his term. that's commendable. i'd like to see a lot more of that. the third would be a much more cautious dwrie regulation, the kind of regulation that actually works. more of a cost benefit analysis approach. the fourth is spending control. we jumped from 21% of gdp to 25% of gdp in spending in one year
if you were advising president obama, what would you do right now? what would you advise? >> well, he didn't call me, but if he had -- >> really? >> surprise. >> i would tell -- to be honest, i would tell him to take a few lessons from his defeated challenger. what i would do is i would focus primarily on four things. i would say, one, we need to get a better tax code, a much more pro-growth, pro-markets, pro-jobs tax code. we need to encourage economic trade with other...
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Dec 6, 2012
12/12
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longer term, tim pact will weigh on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip california republican kevin mccarthy, the number three man. mr. mccarthy, as always, thank you for coming back on the show. can i get your comment on this letter, two dozen republicans, they're talking about tax rate flexibility along with a bunch of democrats. what's your take, sir? >> well, remember what they're saying here. what they're saying is that they're going to put everything on to the table. what we've been talking about for so long is where the president has been awol, this is a spending issue that we have a real problem with. we agree that we'll provide revenue, but we do not want to hurt a pro growth economy h
longer term, tim pact will weigh on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip...
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for two hundred years after the former colonies won the right to determine its own best of the. test a perfect thing for you to move forward. four weeks following barack obama's reelection nearly one million americans have moved forward by campaigning to break apart all fifty states have filed online petitions with the white house requesting to peacefully secede from the so-called perfecting union a movement that's garnered more than thirty thousand signatures in north carolina where many like michael toggled. see independence as a symbol may twentieth a consistent ones the day that north carolina sated from the union and america's stars and stripes ripping at the seams there's no doubt in my mind that it is inevitable i mean something like this with the the debt this country has with the growing disunion among in the among the people they can't last forever and that's the lesson of history big empires always collapse in their own white secession supporters like bernard first some say washington's weight of growing debt and loose wars government intrusion and a broken immigratio
for two hundred years after the former colonies won the right to determine its own best of the. test a perfect thing for you to move forward. four weeks following barack obama's reelection nearly one million americans have moved forward by campaigning to break apart all fifty states have filed online petitions with the white house requesting to peacefully secede from the so-called perfecting union a movement that's garnered more than thirty thousand signatures in north carolina where many like...
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Nov 30, 2012
11/12
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CURRENT
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they figured they were going to knock obama out, it was going to be a different world. right? so they went home and said we will wait for the election. and let the people decide. we will be in charge after this eriction. guess what. >> that's what they did. and they lost. >> exactly >> bill: they got busted. they lost their ass. so now, they refuse to recognize there was an election. right? they refuse to accept the results of the election. >> you are completely right. beyond that point, i don't think they need the 80 tea party members to vote with them. they just need a coalition >> bill: you know what they need? they need to schedule a vote. >> exactly. >> bill: that's what boehner has to do. >> that's what he won't do >> bill: there is no doubt in my mind if he scheduled a vote at this point, enough republicans would join democrats to pass the tax cut for 98% of the american people. >> i completely agree with you. i think beyond that, if you put a vote right now on the floor to end sequestration, there will be a lot of democrats to come on board and a lot of republicans. wh
they figured they were going to knock obama out, it was going to be a different world. right? so they went home and said we will wait for the election. and let the people decide. we will be in charge after this eriction. guess what. >> that's what they did. and they lost. >> exactly >> bill: they got busted. they lost their ass. so now, they refuse to recognize there was an election. right? they refuse to accept the results of the election. >> you are completely right....
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Dec 6, 2012
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he and president obama are battling the air war right now. this is all about rejoiner to what i call the president's tour of 2012. the president making an announcement at business round table, meeting with ceos who voted for romney, showing he's bipartisan. john boehner now making the fairness argument? it's a shocking turn of events but a testament to the fact that the republicans know optics are not in their favor. >> here's where it looks like it's heading. republicans float i think a face-saver in the new york times. quote, if no deal can be struck to avert the bush era tax cuts and onset of deep across the board spending cuts gop leadership could foresee taking up and passing legislation this month to extend the tax cuts for the middle class and then resume the bitter fight over spending and taxes as the nation approaches the next hard deadline and statutory barring. that's the debt ceiling coming up later this year, early part of next year. here's the question right now, governor. it seems that's a face saver because they say taxes defe
he and president obama are battling the air war right now. this is all about rejoiner to what i call the president's tour of 2012. the president making an announcement at business round table, meeting with ceos who voted for romney, showing he's bipartisan. john boehner now making the fairness argument? it's a shocking turn of events but a testament to the fact that the republicans know optics are not in their favor. >> here's where it looks like it's heading. republicans float i think a...
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Dec 3, 2012
12/12
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. >> all right. thanks for that. that's the latest. meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been
. >> all right. thanks for that. that's the latest. meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and...
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Dec 3, 2012
12/12
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. >>> happening right now as we speak, president obama is fielding twitter questions about the fiscal cliff. jackie deangelis is monitoring it for us. >> that's exactly right, mandy. as a matter of fact that session is now under way. it is part of the white house's my 2k twitter campaign. that refers to the more than $2,000 in extra taxes that the average american family is going to experience before the end of the year if we don't seem to find some compromise. so today the president is using twitter to interact with americans, no doubt to gain some support for his plan that would allow those cuts to extend of course with the exception for the wealthiest americans. earlier in the day president obama tweeted about this himself. he used the white house twitter account and said it's good to see a lot of folks on twitter speaking about extending the middle class tax cuts and that he'd be answering questions on the cliff at 2:00 p.m. of course we'll be monitoring that very closely and bring you the best interactions that we find. if you want to send a question to the president, all you hav
. >>> happening right now as we speak, president obama is fielding twitter questions about the fiscal cliff. jackie deangelis is monitoring it for us. >> that's exactly right, mandy. as a matter of fact that session is now under way. it is part of the white house's my 2k twitter campaign. that refers to the more than $2,000 in extra taxes that the average american family is going to experience before the end of the year if we don't seem to find some compromise. so today the...
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obama said yesterday that this could get done in about a week. i think he might be right. republicans see the writing on the wall when it comes to tax increases. what they're interested in now is making sure they get spending cuts to go along with the tax increases. when obama put his additional offer, he said $1.60 trillion in tax increases and we will delay the spending cuts until next year. that was the initial offer. republicans want to make sure that the spending cuts go up and become more immediate. considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get there, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now? have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will be, will obama be able to get above $800. once you start talking about the $1 t
obama said yesterday that this could get done in about a week. i think he might be right. republicans see the writing on the wall when it comes to tax increases. what they're interested in now is making sure they get spending cuts to go along with the tax increases. when obama put his additional offer, he said $1.60 trillion in tax increases and we will delay the spending cuts until next year. that was the initial offer. republicans want to make sure that the spending cuts go up and become more...
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, the leverage goes more to president obama right now. >> i have fiscal cliff fatigue. thank you very much. >> sure. tracy: we all do, dennis, but we have to talk about it because congress has to deal with it. we have a new gallup poll showing 5 # 4% of the voters rate the honesty of members of congress below that of used car salesmen. dianne black of tennessee joins us from the home state to hear what the constituents are telling her. what are con constituents sayin? >> well, you know, i'm hearing -oth from my individual constituents and business owners they are really concerned about the spending problem in washington. that's not really talked about. there's a lot of focus on the other side, but there is a real need to control the spending because we know we spend more than what we bring in every year, can want continue down this path, and you'll go off the cliff. we have to resolve that by going off the drivers of the debt, the entitlement programs, and we have to talk about that. tracy: right. we're not. i'm not sure why. i think an easy fix is raise retirement age.
, the leverage goes more to president obama right now. >> i have fiscal cliff fatigue. thank you very much. >> sure. tracy: we all do, dennis, but we have to talk about it because congress has to deal with it. we have a new gallup poll showing 5 # 4% of the voters rate the honesty of members of congress below that of used car salesmen. dianne black of tennessee joins us from the home state to hear what the constituents are telling her. what are con constituents sayin? >> well,...
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there's no doubt, right? but we haven't made a lot of progress. we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go to the white house. >> maybe. >> why would you go to the white house? you think he's listening? all these photo ops with all these ceos. >> do i have to answer this? >> what are they doing? why go? >> because he's the president of the united states. it is the white house. in the case, you can make an impact, you should do it. >> but that's the question. can you make an impact? >> at the moment, it looks like not. again, i said this recently at another conference. if you're a ceo, you're going to get your constituents in a room and not leave. you're not going to get in a plane, bring people in to antagonize the other side as rerecently did. you're going to sit in a room until you hammer this out. >> is it better to allocate money outside the united
there's no doubt, right? but we haven't made a lot of progress. we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go to the white house. >> maybe. >> why would you go to the white house? you think he's listening? all these photo ops with all these ceos. >> do i have to...
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president obama came out during the egyptian up riding saying that it has to go. clearly the united states has put itself on the side of people that want to live in freedom and democracy. 'til now, the administration has been circumspect. i think it does deserve the white house making a strong statement about the importance of freedom, democracy, accountability, rule of law. certainly as mark said, the way the constitution is written morsi's decree suggests that egypt is going in the wrong direction. in the abstract, this kind of contested national dialogue over a constitution is a good thing. the problem is that no one, no one is moving towards compromise, they're moving towards confrontation. and what that means is that the brotherhood will seek to impose its will on the rest of the population, and as we've seen in the past two weeks, nobody is willing to put up with that. >> what does this say about morsi? he came across as this broker in the gaza negotiation. is he a dictator in sheep's clothing? >> when we were on your program over the summer and morsi wads e
president obama came out during the egyptian up riding saying that it has to go. clearly the united states has put itself on the side of people that want to live in freedom and democracy. 'til now, the administration has been circumspect. i think it does deserve the white house making a strong statement about the importance of freedom, democracy, accountability, rule of law. certainly as mark said, the way the constitution is written morsi's decree suggests that egypt is going in the wrong...
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look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to s
look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government...
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wish list coming up this christmas and all the new updates on the man a man right out of you thanks for that update that's coming up all in a half hour but that is going to do it for the news but check out our you tube channel you tube dot com slash our team america our website our teeth dot com slash us a follow me on twitter at liz wall breaking the set is up in a half hour. here is mitt romney trying to figure out the main thing that the americans call adult. i'm sorry i missed the here's an awful lot of interests you sir are a fool you know what kind of mind their terrorist cells in your neighborhood all want to give us a to feature isn't the only liberal and the christian public you. can see your beliefs about it. it's clear the superheated distracts us from what you and i should care about because they're profit driven industry that sells a sensational garbage he calls it breaking news. and we're going to break that. please.
wish list coming up this christmas and all the new updates on the man a man right out of you thanks for that update that's coming up all in a half hour but that is going to do it for the news but check out our you tube channel you tube dot com slash our team america our website our teeth dot com slash us a follow me on twitter at liz wall breaking the set is up in a half hour. here is mitt romney trying to figure out the main thing that the americans call adult. i'm sorry i missed the here's an...
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team obama is ramping up its no
team obama is ramping up its no
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as you know ninety thousand and nine we thought it would it be president obama many people feeling that was said being awarded a piece activity thing like that at some point in the feature i guess very much not in keeping with the we are talking about sequels the reactions that they're reading to this latest piece of information about it being contested we had an n.e.p. tara back in say it's highly devious was even fulfill the rules under which the award should be given i mean really very strong reactions to this prize being awarded to as he said may have been a project that many people feel represents the total opposite the peace. not a good day for the emir of kuwait tens of thousands of people protested a recent decree of his to limit voting power as business liberals demonstrators will walk from the political spectrum rallied in the capital to no single they see is rampant corruption of the ruling monarchy sees lucy caffein offspring following the rally. this is the heart of kuwait simmering opposition movements for thousands gathered in the streets to protest what they see as not s
as you know ninety thousand and nine we thought it would it be president obama many people feeling that was said being awarded a piece activity thing like that at some point in the feature i guess very much not in keeping with the we are talking about sequels the reactions that they're reading to this latest piece of information about it being contested we had an n.e.p. tara back in say it's highly devious was even fulfill the rules under which the award should be given i mean really very...
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right now, seven governors are about to walk into a meeting with president obama. they are both republicans and democrats. they all want to know how he's going to handle the fiscal cliff crisis. they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to
right now, seven governors are about to walk into a meeting with president obama. they are both republicans and democrats. they all want to know how he's going to handle the fiscal cliff crisis. they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you...
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is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be ad
is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white...
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fiscal issues. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> the only way democracy works is through compromise at the end of the day. >> i'm optimistic that we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> a reversal of fortune on wall street. stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the white house's proffer here. at least $50 billion in new spending. >> do you have faith in any of them
fiscal issues. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> the only way democracy works is through compromise at the end of the day. >> i'm optimistic that we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair...
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the client base is difficult to make the right decision, you don't know what the facts are. will be a question later on. there has not been a lot of trading in dividend stocks and because of the reason for that, an overriding concern what is going on with the fiscal cliff. people waiting to find out what is going to happen. liz: from your perspective and you guys are among the biggest, you're not seeing people jumping in and saying these companies are paying out early dividends. >> as far as our client buying or selling, no. the rationale is simple. you don't know what the rate is going to be an don't know what your tax is going to be and if that is the reason you bought the stock to begin with it might make sense if it goes up 5%, won't makes sense if it goes up 30% so the client base is smart enough to recognize that. liz: td ameritrade added dividend of 2.6% consider fast tracking its dividend. >> the entire management team as well as the board will always think about the long-term best interests of our shareholders and that is something we would look at. liz: is that at
the client base is difficult to make the right decision, you don't know what the facts are. will be a question later on. there has not been a lot of trading in dividend stocks and because of the reason for that, an overriding concern what is going on with the fiscal cliff. people waiting to find out what is going to happen. liz: from your perspective and you guys are among the biggest, you're not seeing people jumping in and saying these companies are paying out early dividends. >> as far...
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>> right. a handful of republican and democratic governors submerging from the west wing after the meeting with president obama with the message to fix the fiscal cliff. the democrats and republicans refuse to either endorse or dismiss either of the plans out there. the one floated by the white house and the one that house republicans floated yesterday. that, of course, the latest plan in washington, $800 billion in tax revenue increases, a trillion cuts in spending, including entitlements. it's a plan that was partially taken from the former chief of staff for president bill clinton, one that the republicans put out yesterday, and it's one that democrats roundly rejected. >> republicans' plan, on the other hand, is more of the same. not only does it balance the budget on the backs of the middle class, but voids the promise to seniors with cuts to social security and medicare all to pay for handouts to the rich. at least we know where they stand. >> republicans are willing to make sure we don't
>> right. a handful of republican and democratic governors submerging from the west wing after the meeting with president obama with the message to fix the fiscal cliff. the democrats and republicans refuse to either endorse or dismiss either of the plans out there. the one floated by the white house and the one that house republicans floated yesterday. that, of course, the latest plan in washington, $800 billion in tax revenue increases, a trillion cuts in spending, including...
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are the we go to, catholic church, right next to it is a storefront, obama organizing for america. there in the 12, 14 months before the election. what could they possibly be doing? and so -- >> they were registering voters spent they were registering voters, identifying voters. i have admiration for the do. that's what we should do. on the other hand, i think from, other for the say people are very anxious, and particularly about the opportunity to stay in the class or get to the middle class. for whatever reason at the end of the day, which is as a movement. our ideas with the right ideas for those impatient and that so we need to do better at. >> what can republicans learned from obama? >> look, whoever has the high ground on technology is going to win. it's just a fact. we can never let that happen. you want to make sure for a technological point, you are state-of-the-art. and communicating your message, identifying people, ensuring that not only are the supporters but they are voters. a supporter is not a voter. >> how do you regain -- >> i think investing. it's there. they ca
are the we go to, catholic church, right next to it is a storefront, obama organizing for america. there in the 12, 14 months before the election. what could they possibly be doing? and so -- >> they were registering voters spent they were registering voters, identifying voters. i have admiration for the do. that's what we should do. on the other hand, i think from, other for the say people are very anxious, and particularly about the opportunity to stay in the class or get to the middle...